Purchased Power Is Not A Riskless Strategy
The Electricity Journal
Purchased power may allow utilities to delay or eliminate plant construction, but our review of credit agencies and impacts on bond yields indicates added risk to the utility that enters into purchased power commitments.
David A. Foltz, J. Robert Malko, Gregory J. Pumilia, and Thomas J. Purvenas, "Purchased Power Is Not A Riskless Strategy," appears in The Electricity Journal, Vol. 7, No. 10, December 1994.